81-85 Arawa Street, Matamata

Available PropertyFiles:

  • /81-85 Arawa Street Matamata - Title /
    • 81 ARAWA STREET MATAMATA - NZ Titles LINZ RT Search With Diagram - RT SA1439 56.pdf
  • /81-85 Arawa Street- LIM Report /
    • 81-85 Arawa Street - LIM.pdf
  • /Initial Seismic Assessment /
    • seismic assessment BCD (003).pdf
  • /Initial Seismic Assessment Arawa Street - Dec 2020 /
    • seismic assesment Arawa St ISA.pdf
  • /Lease documentation /
    • Deed of Lease 2.8.2018 - 81 Arawa Street - Hair 4 u.pdf
    • Deed of Lease 30.10.17 - 87 Arawa Street - I luv Asian Store.pdf
    • Deed of Variation of Lease - I luv asian store.pdf
    • Deed of renewal of lease - I luv asian - 2021.pdf
    • Lease document - 85 Arawa Street - Horse and Jockey.pdf
    • lease 83 Arawa street - Kaimai Property Management Ltd.pdf
  • /Structural Design Report /
    • Structural design report.pdf

Property Description

•Multi-tenanted investment
•Return of $175,110 plus gst and outgoings
•Anchor tenant with a strong lease in place with multiple renewals
•Key location in the town

A smart decision and an investment in the right place is the perfect formula for reducing the risk factor and increasing the reward factor. 81-85 Arawa Street, Matamata, fits this formula to a tee. The size of the property, its down-town location and strong anchor tenant are great confidence boosters to investors looking for an easy way to build wealth.

The substantial 1,237sqm (more or less) building in the heart of town, is home to the well-known Horse and Jockey Inn. Having a tenant of this calibre on a long lease means income from day one. Then there's the added security of three smaller supporting tenants and peace of mind that comes from a property that has been refurbished to a high standard.

Aesthetics of schist stone and large shop-front windows provide natural appeal and appointments, including 16-room accommodation, a tenant's apartment, a full commercial kitchen, a garden bar, and a newly fitted-out gaming lounge add substance. The bar and restaurant, plus income from the 16 rooms and the modern, upmarket gaming lounge, reward the anchor tenant generously.

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1. Where information is supplied by the agent to customers, the information is information in possession of the Vendor(s) that the Vendor(s) are making available to the customer without endorsement.
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Contact Alex ten Hove

Success Realty Limited

Licensed under the REA Act 2008

078343232   0275924817   alex.tenhove@bayleys.co.nz   All Listings


Contact Luke ten Hove

Success Realty Ltd

Licensed REAA 2008

021 791 626   021791626   luke.tenhove@bayleyswaikato.co.nz   All Listings